S 2568 113th Congress Senate Taxation Bank accounts, deposits, capital Elementary and secondary education Higher education Income tax exclusion School athletics Student aid and college costs

ACE Act

Introduced: July 8, 2014 Introduced by: Fischer, Deb Republican · Nebraska See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 8, 2014

Read twice and referred to the Committee on Finance.

Jul 8, 2014

Introduced in Senate

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Plain-English summary Congressional Research Service

Allocating for Children's Education Act or the ACE Act - Amends the Internal Revenue Code, with respect to Coverdale education savings accounts, to: (1) increase from $2,000 to $5,000 the maximum allowable contribution to such accounts in a taxable year, and (2) allow distributions from such accounts for the purchase of athletic equipment at elementary and secondary schools.

What's happening now July 8, 2014

Read twice and referred to the Committee on Finance.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

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APA

U.S. Congress. (2026). S. 2568: ACE Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2568/

MLA

"S. 2568: ACE Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2568/.

Bluebook (legal)

S. 2568, 113th Cong. (2026), https://openamerica.io/bill/113-S-2568/.

Markdown link

[S. 2568: ACE Act](https://openamerica.io/bill/113-S-2568/)